IFIMMO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IFIMMO
Largest movements
- Current investments -€33,647
down €33,647 (-30.2%), from €111,399 to €77,751
- Deferred charges and accrued income -€30,000
no longer reported in 2026 (was €30,000)
- Debts after one year -€68,485
down €68,485 (-22.9%), from €299,565 to €231,080
- Reserves +€12,344
up €12,344 (+2.4%), from €521,755 to €534,099
of which Distributable reserves: +€12,344
- Financial income -€30,467
down €30,467 (-98.1%), from €31,047 to €580
- Gross operating margin +€6,907
up €6,907 (+44.7%), from €15,439 to €22,347
- Taxes -€1,941
down €1,941 (-61.1%), from €3,176 to €1,234
- Financial charges -€1,310
down €1,310 (-16.8%), from €7,799 to €6,490
- Other operating charges -€1,047
down €1,047 (-43.7%), from €2,397 to €1,350
From the 2025 result to the 2026 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,187,276 | €1,130,997 | -€56,279 | -4.7% |
| Fixed assets | 21/28 | €1,039,775 | €1,038,265 | -€1,510 | -0.1% |
| Tangible fixed assets | 22/27 | €19,775 | €18,265 | -€1,510 | -7.6% |
| Land and buildings | 22 | €19,775 | €18,265 | -€1,510 | -7.6% |
| Financial fixed assets | 28 | €1,020,000 | €1,020,000 | = | 0.0% |
| Current assets | 29/58 | €147,501 | €92,732 | -€54,769 | -37.1% |
| Amounts receivable within one year | 40/41 | €1,394 | €2,195 | +€801 | +57.5% |
| Trade receivables | 40 | - | €801 | +€801 | |
| Other amounts receivable | 41 | €1,394 | €1,394 | = | 0.0% |
| Current investments | 50/53 | €111,399 | €77,751 | -€33,647 | -30.2% |
| Cash at bank and in hand | 54/58 | €4,709 | €12,786 | +€8,077 | +171.5% |
| Deferred charges and accrued income | 490/1 | €30,000 | - | -€30,000 | |
| Total equity and liabilities | 10/49 | €1,187,276 | €1,130,997 | -€56,279 | -4.7% |
| Equity | 10/15 | €787,629 | €799,973 | +€12,344 | +1.6% |
| Contributions | 10/11 | €68,500 | €68,500 | = | 0.0% |
| Capital | 10 | €68,500 | €68,500 | = | 0.0% |
| Issued capital | 100 | €68,500 | €68,500 | = | 0.0% |
| Reserves | 13 | €521,755 | €534,099 | +€12,344 | +2.4% |
| Non-distributable reserves | 130/1 | €6,850 | €6,850 | = | 0.0% |
| Legal reserve | 130 | €6,850 | €6,850 | = | 0.0% |
| Tax-exempt reserves | 132 | €64,063 | €64,063 | = | 0.0% |
| Distributable reserves | 133 | €450,842 | €463,186 | +€12,344 | +2.7% |
| Profit (loss) carried forward | 14 | €197,374 | €197,374 | = | 0.0% |
| Provisions and deferred taxes | 16 | €16,016 | €16,016 | = | 0.0% |
| Deferred taxes | 168 | €16,016 | €16,016 | = | 0.0% |
| Amounts payable | 17/49 | €383,631 | €315,009 | -€68,622 | -17.9% |
| Amounts payable after more than one year | 17 | €299,565 | €231,080 | -€68,485 | -22.9% |
| Financial debts | 170/4 | €299,565 | €231,080 | -€68,485 | -22.9% |
| Amounts payable within one year | 42/48 | €84,066 | €83,929 | -€137 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €67,291 | €68,485 | +€1,194 | +1.8% |
| Trade debts | 44 | €251 | €982 | +€730 | +290.6% |
| Suppliers | 440/4 | €251 | €982 | +€730 | +290.6% |
| Taxes, remuneration and social security | 45 | €8,080 | €7,782 | -€299 | -3.7% |
| Taxes | 450/3 | €8,080 | €7,782 | -€299 | -3.7% |
| Other amounts payable | 47/48 | €8,444 | €6,681 | -€1,763 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,355 | €1,510 | +€154 | +11.4% |
| Other operating charges | 640/8 | €2,397 | €1,350 | -€1,047 | -43.7% |
| Gross operating margin | 9900 | €15,439 | €22,347 | +€6,907 | +44.7% |
| Operating profit (loss) | 9901 | €11,688 | €19,487 | +€7,800 | +66.7% |
| Financial income | 75/76B | €31,047 | €580 | -€30,467 | -98.1% |
| Recurring financial income | 75 | €31,047 | €580 | -€30,467 | -98.1% |
| Financial charges | 65/66B | €7,799 | €6,490 | -€1,310 | -16.8% |
| Recurring financial charges | 65 | €7,799 | €6,490 | -€1,310 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €34,936 | €13,578 | -€21,358 | -61.1% |
| Income taxes | 67/77 | €3,176 | €1,234 | -€1,941 | -61.1% |
| Profit (loss) for the period | 9904 | €31,760 | €12,344 | -€19,416 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,760 | €12,344 | -€19,416 | -61.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.